Hainan Yedao Group Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 15, 2021 at 04:54 am EDT
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HaiNan Yedao Group Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 175.844 million compared to CNY 100.107 million a year ago. Operating income was CNY 4.669 million compared to operating loss of CNY 25.061 million a year ago. Net income was CNY 3.485 million compared to net loss of CNY 25.764 million a year ago. Basic earnings per share from continuing operations was CNY 0.01 compared to basic loss per share from continuing operations of CNY 0.06 a year ago.
Hainan Yedao Group Co Ltd is a China-based company that mainly engages in the production and sales of alcoholic products. The Company's business is operated through four major segments: Alcohol Production and Sales, Trade, Food and Beverages, and Others. The Company's main product matrix layout is based on the nourishing Coconut Island Deer and Turtle Wine, the light-keeping Coconut Island Neptune Wine, and the origin-brewed craft liquor. The main products include Deer and Turtle Wine, Neptune Wine, and Maotai-flavored liquor. In addition, the Company has laid out the coconut milk ecological beverage and soft drink (non-carbonated) business. The Company mainly operates its business in the domestic market.